THE GAME IS RIGGED!Consider this alert your fair warning.This week, you're going to see A LOT of publicity dedicated to hot technology companies like Lyft, Uber, Pinterest and Airbnb.That's because all of these companies (and a few more) are on deck to go public through an initial public offering (IPO). This is typically how new stocks are added to the market and how individual investors like you...Read More
I've told you in the past how the IRS can derail your travel plans if you don't pay your taxes. Today I want to shine some light on common travel myths that are likely costing you more money than you think.According to travel research app Hopper, domestic flight prices will rise to about $229 round trip in April, from $218 in February - and up to $251 by June. As airfare climbs the closer we get t...Read More
The Chinese ferro-silicon price was stable in the past week in line with fundamentals, while the downturn in the European price persisted against weak spot demand. China supported on lower production Europe drops to 2016 low with more weakness expected US market holds, weakness may loom ahead Chinese ferro-silicon prices have been steady in the past week in line with demand from steel...Read More
Long-term contract and import prices for ferro-chrome rose again in China in the week ended Friday March 22 on higher tenders from stainless steel mills and load shedding by South Africa electricity company Eskom. April tenders push up long-term contract prices in ChinaCharge chrome import prices rise on protracted power constraintsAlloy prices rise in South KoreaEuropean alloy prices flatline de...Read More
China's leading stainless steel mills announced increases in their April tender prices for high-carbon ferro-chrome by 300 yuan ($45) per tonne month on month on Friday March 22.The rises will be imposed by Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel, Fastmarkets heard.After this adjustment, Tisco's April tender price for high-carbon ferro-chrome will be 6,950 yuan ($1,038) per tonn...Read More
Chile said on Monday it would shortly begin accepting bids from local and foreign companies seeking to develop battery materials within the South American nation using discounted Chilean lithium provided by top miner SQM.Chilean authorities struck a deal in January 2018 with SQM that ended a long-running dispute over royalty payments and allowed the miner to boost production from Chile's Salar de...Read More
China's copper scrap imports in February dropped by 63% month on month and by half compared with February 2018, according to the latest Chinese customs data released on Monday March 25. China imported 64,622 tonnes of copper scrap in February 2019, a sharp drop of 63.5% from 176,900 tonnes in January. This was attributed to a fall in activity during the week-long Lunar New Year holiday in February...Read More
March 25, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce that it has been approved for trading of its Common Shares on the OTCQB Market, a U.S. trading platform that is operated by the OTC Markets Group in New York. Effective immediately, the Company's Shares will trade on the OTCQB under the symbol BBBXF. Previously, its Shares...Read More
Canada's benchmark index fell 0.31% to 16,089.22. The S&P/TSX Global Mining Index rose 1.4% to 75.07 and the S&P/TSX Global Gold Index rose 2.8% to 199. The gold price rose 0.85% to US$1,313.40.Shares of Barrick Gold rose 93 ? to $18.36. In March 2019 the company agreed to form a joint venture with Newmont Mining in Nevada, combining operations that in 2018 produced a total 4.1 million oz. gold. B...Read More
The Dow Jones Industrial Average fell 1.34% to finish the trading week at 25,502.32, and the S&P 500 Index lost 0.77% to end the week at 2,800.71. Spot gold rose US$11.10 per oz. to US$1,313.40 per oz. gold.Shares of Vale remained under pressure, falling US38 ? to US$12.82. The Brazilian iron ore miner announced on March 20 that it was suspending operations at the Alegria mine in its Mariana compl...Read More
Shares of Macarthur Minerals rose 100% to 10 ?. The company signed a life-of-mine offtake agreement to sell Glencore International iron ore that could be produced from Macarthur's Lake Giles iron project in Western Australia's Yilgarn region. The company later redacted several forward-looking statements that were not National Instrument 43-101 compliant, such as the value of the deal and amended s...Read More
British Columbia Investment Management Corporation says it will vote against the proposed merger of Goldcorp (TSX: G; NYSE: GG) and Newmont Mining (NYSE: NEM) due to Goldcorp's decision to award its chairman, Ian Telfer, a US$12 million retirement allowance.BCI, which provides investment management services to B.C.'s public sector and has about $145.6 billion under management, says the retirement...Read More
Amarillo Gold (TSXV: AGC; US-OTC: AGCBF) has used a new resource model to reinterpret the Posse gold deposit and update the resource estimate for its Mara Rosa gold project in Goias State, Brazil. The company says the new methodology fundamentally alters its understanding of mineralization at Posse.The updated resource model spans three contiguous zones and includes a higher grade core that Amaril...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftOdd as it might sound, the best way into palladium at this late stage of a spectacular rally is through another metal that has similar chemical properties when used as an auto-catalyst in the exhaustRead More
Amarillo Gold (TSXV: AGC) has reinterpreted its resource model for the Posse gold deposit at its Mara Rosa gold project in Goias State, Brazil, and with it updated the project's resource estimate. The company says its new model fundamentally alters its understanding of mineralization at Posse.The updated resource model spans three contiguous zones and includes a higher grade core that Amarillo cou...Read More
Arctic Star Exploration of Vancouver has begun this year's exploration program at the 40% owned Diagras joint venture diamond property near Lac des Gras, NWT. Margaret Lake Diamonds holds the remaining 60% and is the project operator.The Diagras property covers 22,595 hectares with a total of 23 known kimberlites on trend with the Diavik mine. This year's work will include gravity, magnetic and el...Read More
Vancouver-based Atlantic Gold Corp. has updated reserves and mine life for its Moose River Consolidated gold project. Contained gold is up 27% and the life of the MRC project has been extended to more than 10 years.Successful drill campaigns at the Touquoy, Fifteen Mile Stream and Cochrane Hill deposits provided the extra ounces. The reserves include 23.0 million proven tonnes grading 1.16 g/t gol...Read More
Mining giants Rio Tinto, BHP Group and Fortescue Metals said their Australian operations had suffered some impact after two cyclones hit the country over the weekend, with clean up starting on Monday in the wake of the storms.Cyclone Veronica has been weakening after battering Australia's northwest, while further east, Cyclone Trevor was downgraded to a low pressure system on Sunday.A state of eme...Read More
Brazilian mining giant Vale (NYSE:VALE) has been hit by a local court injunction that forces it to freeze operations at 13 of its tailings dams in the country.The world's biggest iron ore producer, which is expected to release its fourth-quarter figures on Wednesday, said the order will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on li...Read More
Gold miner Caledonia Mining is seeking ways to deepen its investment in Zimbabwe even though a currency crisis has dented its earnings and bureaucracy has slowed the company's purchase of an increased stake.The end of Robert Mugabe's rule in 2017 after an army coup led to a rush of excitement that miners would flood in to develop the nation's mineral wealth.The end of Robert Mugabe's rule in 2017...Read More